U.S. Adds 142,000 Jobs, Eyes Turn to Fed for Rate Cut Decision
Economists had expected American employers to add about 160,000 jobs in August in what would have been a rebound from a poor report in July.
The rebound didn’t quite come.
Employers added 142,000...
Verizon Buying Frontier in $20 Billion Deal to Strengthen Fiber Network
NEW YORK & DALLAS – Verizon Communications Inc. and Frontier Communications Parent, Inc. announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all-cash transaction...
Henry Ford Health, Ascension Michigan Announce Closing Date for Proposed Joint Venture
Henry Ford Health and Ascension Michigan, who announced plans for a merger last fall, will close the deal Sept. 30.
Pent-Up Demand Could Lead to Resurgent M&A Market in 2025
Some statewide experts feel 2025 could be a banner year in the mergers and acquisitions space, despite the fact the pre-pandemic M&A market in Michigan – which was hot...
Fewer Americans Applying for Unemployment Benefits
High interest rates don’t seem to be slowing the U.S. job market, if the fact the number of Americans filing for unemployment benefits fell slightly last week is any...
Regional Chamber Helps Lead Detroit’s Business, Reputation Renaissance
Detroit Regional Chamber is helping change the conversation about the city.
MVP Honors State’s Best Professionals, Young Professionals and Entrepreneurs
The state's best professionals, young professionals and entrepreneurs earned honors at Corp! Magazine's annual MVP awards.
Labor Shortage Affecting the Way Leaders Are Doing Business
Report says the U.S. has an aging workforce without enough bench strength to replace them.
Upscale Refrigeration Manufacturer to Add Up to 200 Jobs, Invest $21.4 Million to Expand...
GREENVILLE, Mich. — The Right Place, Inc., in collaboration with the Montcalm Economic Alliance and Michigan Economic Development Corporation, announced that upscale refrigeration manufacturer Northland Corporation will expand its...
CEO’s Key to Success: Be Willing to Fail
Art Betancourt believes that, to be successful in business, a leader has to be willing to fail in order to learn.
U.S. Added 800K Fewer Jobs Than Reported From April 2023-March 2024
The Labor Department said Wednesday the U.S. added some 818,000 fewer jobs than first reported from April 2023 through March 2024.
Starbucks Names Chipotle’s Brian Niccol as Chairman, Chief Executive Officer
SEATTLE – Starbucks announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on Sept. 9. Starbucks chief financial officer, Rachel...
Unemployment Claims Fall for Second Straight Week
The number of U.S. workers seeking unemployment assistant fell last week.
Jobless claims dropped to 227,000 last week, according to statistics released by the Labor Department Thursday. That’s a drop...
CEOs Expect Stable Near-Term Outlook, Obstacles in Future
A survey of CEOs shows Michigan's business leaders expect the state's economy to be stable over the next six months.
Kelly Reports Mixed Results for Second Quarter
Kelly officials attribute a down second quarter to the selling off of the company's European operations.
Confident Consumers Feeling Economic Future to Improve
Media reports are filled with negative feelings from consumers about the economy despite recent good news.
But the griping over consistently-high grocery and gas prices doesn’t appear to be dimming...
CEO Says Grit, Work Ethic Are Keys to Success
The CEO of a retail company tells "LinkedIn Live" audience that grit and work ethic are two keys to business success.
DOL Raises the Bar to New Heights for FLSA Exemption Salaries
While there are pending court cases that could impact the decision, the Department of Labor has enacted policies that affect overtime exemptions for certain salary categories.
Fed Holds Interest Rates Steady, Eyes Possible September Cut
The Federal Open Market Committee, which sets the Federal Reserve's interest rates, declined to cut them after their Wednesday meeting and, according to observers, could cut them in September.
Michigan Supreme Court Orders Hike in State’s Minimum Wage
The state Supreme Court ruled Wednesday that actions taken by the Legislature in 2018 were unconstitutional, and ordered an increase in the state's minimum wage.
